A portion of their wealth came from the silver and gold mines in Venezuela.
However in 1632, gold was first mined, leading to further discoveries of extensive copper deposits. Towards the later 1600s, copper was exploited with the name "Cobre Caracas". These mines became the property of Simón Bolívar's family.
Later in his revolutionary life, Bolívar used part of the mineral income to finance the South American revolutionary wars. Some people claim that his family grew to prominence before gaining great wealth. For example, the Caracas Cathedral, founded in 1594, has a side chapel dedicated to Simón Bolívar's family.

Following the death of his father Juan Vicente Bolívar y Ponte, 1st Marqués de San Luis, and his mother María de la Concepción Palacios y Blanco, he went to Spain in 1799 to complete his education. There he married María Teresa Rodríguez del Toro y Alaysa in 1802, but on a brief return visit to Venezuela in 1803, she succumbed to yellow fever. Bolívar returned to Europe in 1804 and for a time was part of Napoleon's retinue.

Bolívar had great difficulties maintaining control of the vast Gran Colombia. During 1826, internal divisions had sparked dissent throughout the nation and regional uprisings erupted in Venezuela, thus the fragile South American coalition appeared to be on the verge of collapse.

An amnesty was declared and an arrangement was reached with the Venezuelan rebels, but political dissent in New Granada grew as a consequence of this. In an attempt to keep the federation together as a single entity, Bolívar called for a constitutional convention at Ocaña during April 1828.

He had seen his dream of eventually creating an American Revolution-style federation between all the newly independent republics, with a government ideally set-up solely to recognize and uphold individual rights, succumb to the pressures of particular interests throughout the region, which rejected that model and allegedly had little or no allegiance to liberal principles.

For this reason, and to prevent a break-up, Bolívar wanted to implement in Gran Colombia a more centralist model of government, including some or all of the elements of the Bolivian constitution he had written (which included a lifetime presidency with the ability to select a successor, though this was theoretically held in check by an intricate system of balances).

This move was considered controversial and was one of the reasons why the deliberations met with strong opposition. The convention almost ended up drafting a document which would have implemented a radically federalist form of government, which would have greatly reduced the powers of the central administration.

Unhappy with what would be the ensuing result, Bolívar's delegates left the convention. After the failure of the convention due to grave political differences, Bolívar proclaimed himself dictator on August 271828 through the "Organic Decree of Dictatorship".

He considered this as a temporary measure, as a means to reestablish his authority and save the republic, though it increased dissatisfaction and anger among his political opponents. An assassination attempt on September 25, 1828 failed, in part thanks to the help of his lover, Manuela Sáenz, according to popular belief.

Although Bolívar emerged physically intact from the event, this nevertheless greatly affected him. Dissident feelings continued, and uprisings occurred in New Granada, Venezuela and Ecuador during the next two years.

Death and Legacy

Bolívar finally resigned his presidency on April 27, 1830, intending to leave the country for exile in Europe, possibly in France. He had already sent several crates (containing his belongings and his writings) ahead of him to Europe.

His remains were moved from Santa Marta to Caracas in 1842, where a monument was set up for his burial in the Panteón Nacional. The 'Quinta' near Santa Marta has been preserved as a museum with numerous references to his life.

Relatives

Simón Bolívar has no direct descendants. His bloodline lives on through his sister Juana Bolívar y Palacios who married their maternal uncle Dionisio Palacios y Blanco and had two children: Guillermo and Benigna.

Guillermo died when fighting alongside his uncle in the battle of La Hogaza in 1817. Benigna Palacios y Bolívar married Pedro Amestoy. Their great-grandchildren, Pedro (95), and Eduardo Mendoza Goiticoa (90) live in Caracas. They are Simón Bolívar's closest living relatives.

Political legacy

Simón Bolívar's political legacy has of course been massive and he is a very important figure in South American political history. Claims to the mantle of Simón Bolívar have continued throughout modern times via the various shades of 'Bolivarianism'.

On his deathbed, Bolívar asked his aide-de-camp, General Daniel Florencio O'Leary to burn the extensive archive of his writings, letters, and speeches. O'Leary disobeyed the order and his writings survived, providing historians with a vast wealth of information about Bolívar's liberal philosophy and thought.

Honors

In addition to the statues shown elsewhere in this article, there is an equestrian statue commemorating Bolívar's life and works in Washington, D.C., a statue at the UN Plaza in San Francisco, a statue in Rivadavia Park, Buenos Aires, Argentina, a statue in the Basque Country, Spain, a statue on the Reforma Avenue in Mexico City, a statue in Kingston, Jamaica, a statue in Cairo, Egypt. There is a five meter tall equestrian statue in San Salvador, El Salvador, in a square also called "Plaza Bolívar".Another equestrian statue stands in the Piaza le Simone Bolivar in front of the British School, in Rome, where it is faces a equestrian statue of Jose de San Martin. A statue in Tegucigalpa,Honduras.A statue in San Juan de Puerto Rico, a statue signifying the friendship between Canada and South America in Ottawa (which caused some controversy at the time of its erection), and also a bust in Sydney, Australia, and an equestrian statue in Quebec City, in the Parc de l'Amérique Latine. A statue in Bolivar, Missouri, which was presented by President Rómulo Gallegos of Venezuela and dedicated by U.S. PresidentHarry S. Truman. A central avenue in Ankara, the capital of Turkey, bears his name. Bolivar, West Virginia, bears his name and displays his bust, and Frankfurt, Germany, also has a bust of the general.
In Santiago (Chile) a monument celebrating Latin American Freedom, was erected in 1836 at the main square (Plaza de Armas),one of the panels was dedicated to Simón Bolívar.
Around 1836-40 a full size equestrian statue was erected in his honour located at a square at the beginning of the avenue that bear his name.

Furthermore, every city and town in Venezuela and Colombia (in this one each capital city but Pasto) have a main square known as Plaza Bolívar, that usually has a bust or a statue of Bolívar, the most famous of these Plaza Bolívar are the ones in Bogotá and Caracas. The central avenue of Caracas is called Avenida Bolívar, and at its end there is a twin tower complex named Centro Simón Bolívar built during the 1950s that holds several governmental offices.